With 211,922 people, Panama City is a metro area. Few US metro areas rank higher on income. The population is up 25% since 2000. About 27% of adults have finished a four-year degree. The foreign-born share is 8%. The typical home is worth $293,695, having more than tripled since 2000.
At a glance
Lower income
median household income $71,687, below the US median
US median: $82,259
Older
median age 41.1
US median: 38.9
Less educated
27% hold a bachelor's degree
US average: 36%
Less affordable
home values up 98%, inflation adjusted
US median home: $376,019
Unique to this place
What stands out about Panama City
What changed most since 1990
Median home value (2024 dollars)$140,422 → $293,695(+109%)US over the same years: +67%
White share84.8% → 73.1%(−11.7 pts)US over the same years: −17.8 pts
Among the 28 metro and micro areas based in Florida
Shares are "alone or in combination": a person with both Medicare and Medicaid counts in each, so categories overlap and do not sum to 100%.
Section 09 · Service history
Veterans
Veterans by period of service, 2024
Gulf War (2001 or later)34.6%(7,431)
US avg: 26.4%
Gulf War (1990s)42.2%(9,069)
US avg: 24.3%
Vietnam era27.7%(5,947)
US avg: 33.1%
Korean War3.4%(736)
US avg: 4.5%
World War II0.6%(128)
US avg: 1%
Share of the 21,505 veterans here. A veteran who served across eras counts in each, so shares can total more than 100%. Peacetime-only service is included in the total but not shown as an era.
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Over time
Panama City, decade by decade
Panama City population, inflation-adjusted income and home value, education, and diversity by year
Year
Population
Median household income
Median home value
Bachelor's degree+
Diversity score
1990
143,913
$57,432
$140,422
14.7%
33.5
2000
169,190
$63,902
$148,114
16.6%
38.3
2010
193,748
$66,585
$239,215
19.4%
44.7
2020
200,534
$65,518
$224,993
22.9%
54.7
2024
211,922
$71,687
$293,695
27.5%
55.4
Census years come from the decennial census and the latest year from the American Community Survey, so part of any change between those two rows can reflect the different surveys. Dollar figures are adjusted for inflation to 2024 dollars; a figure ending in "+" was at the Census Bureau's reporting cap that year. The diversity score runs from 0 to 100; see how it's calculated.
How many people live in Panama City-Panama City Beach, FL?
Panama City-Panama City Beach, FL has about 211,922 residents according to the 2024 American Community Survey.
What is the median household income in Panama City-Panama City Beach, FL?
The typical household in Panama City-Panama City Beach, FL earns about $71,687 a year. Half of households make more than that, and half make less.
Is Panama City-Panama City Beach, FL expensive?
In Panama City-Panama City Beach, FL, the median home is worth about $293,695, and the typical rent is about $1,412 a month.
How educated are people in Panama City-Panama City Beach, FL?
About 27.5% of adults age 25 and over in Panama City-Panama City Beach, FL hold a bachelor's degree or higher.
What is the poverty rate in Panama City-Panama City Beach, FL?
About 12.5% of people in Panama City-Panama City Beach, FL live below the federal poverty line.
Has Panama City-Panama City Beach, FL grown since 1990?
Yes, Panama City-Panama City Beach, FL has grown since 1990. The population has added about 68,009 residents, a change of about 47 percent over that period.
